by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Latin American Bible Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does Latin American Bible Institute deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Latin American Bible Institute.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Latin American Bible Institute, 100% of entering full-time freshmen got some type of financial assistance roughly 3 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,540 |
| Institutional grants & scholarships | 67% | $518 |
| Federal Pell grants | 100% | $6,195 |
| State/local grants | 0% | — |
| Federal student loans | 67% | $7,426 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, around 40% of undergraduates were awarded an average grant or scholarship of $2,356 (for some 31 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 40% | $2,356 |
| Federal Pell grants | 31% | $2,753 |
| Federal student loans | 21% | $3,112 |
For students living on campus and receiving title-IV aid, grants averaged $6,540.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,620 |
| $30,001 – $75,000 | $8,687 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $10,030 |
| Off-campus title-IV students | $9,140 |
For a personalized estimate based on your family’s financial situation, use Latin American Bible Institute’s online cost calculator: solutions.campusivy.com/Apps/NPC?InstitutionId=38200.
Federal data publishes pre-calculated indicators that summarize debt outcomes. Latin American Bible Institute.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Latin American Bible Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14 |
| Total Stafford loan amount | $111,526 |
References
More about our data sources and methodologies.